Presidium Group, St. Croix Capital Acquire Hunterwood Apartments in Austin

AUSTIN, TEXAS — Presidium Group LLC, in partnership with St. Croix Capital Advisory Services Group, has acquired Hunterwood Apartments, a 160-unit apartment complex in Austin. The property was built in 1983. Presidium plans to implement value-add upgrades that will consist of aesthetic and finish improvements. Interior renovations will include the addition of granite countertops, tile backsplashes, faux wood flooring, new door and cabinet hardware, new plumbing and electrical fixtures, new appliances and a new paint scheme. Exterior upgrades will include modernizing the leasing center, the addition of a fitness center, pool area upgrades, landscaping additions and a new exterior paint scheme. Hunterwood is located in south Austin within a mile of South First Street and South Congress Avenue, two of the major access ways into downtown Austin. The property is a 15-minute drive from downtown Austin, Bergstrom Airport, the Sunset Valley shopping area, Barton Creek Square Mall and Circuit of the Americas. Hunterwood’s current amenities include a swimming pool, laundry facilities and a leasing center.